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ExxonMobil Guyana plugs GY32M into purchase of rapid testing kits for COVID-19

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The Ministry of Health’s rapid antigen testing capacity for COVID-19 has received a major boost with the donation of $32M from ExxonMobil Guyana that will enable the purchase of 20,000 kits. The cheque was handed over on Monday at...
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U.S Ambassador urges ‘fastest growing economy in the world’ to prepare for sweeping changes

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New oil producer Guyana will continue to see growing interest from investors around the world looking to tap into the opportunities the offshore multi-billion-barrel hydrocarbon resources are providing. U.S Ambassador to Guyana, Sarah-Ann Lynch says now is the time...
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Orinduik block operator Tullow gets licence extensions in Kenya

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UK-based Tullow Oil said Monday its Joint Venture partners have received extensions to their exploration licences for Blocks 10BB and 13T in Kenya to the end of 2021. This follows the approval of the work programme and budget for next...
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Impact of U.S. blacklisting on CNOOC’s operations currently limited – S&P Global Platts

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The blacklisting of state-run upstream company China National Offshore Oil Corporation by the US government on December 3 has raised the stakes for China's oil and gas companies amid worsening trade and diplomatic relations between the two countries, S&P...
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By the end of this year over 90 percent of Halliburton services will be provided out of Guyana

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Since 2015, US oil field service company Halliburton has been providing various drilling and completion services in Guyana, all of which were initially supported from neighbouring Trinidad and Tobago. The company has developed what it describes as ‘an early...
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Hess encouraged by Suriname oil strikes, says offshore potential significant

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Hess Corporation said it is encouraged by the exploration success of Apache and Total in Suriname’s Block 58 where three discoveries have so far been made and the search for more hydrocarbon continues. John Hess, CEO of Hess Corporation said...
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Iran is sending its biggest fleet of tankers to Venezuela in defiance of U.S. sanctions

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(Bloomberg) Iran is sending its biggest fleet yet of tankers to Venezuela in defiance of U.S. sanctions to help the isolated nation weather a crippling fuel shortage, according to people with knowledge of the matter. Some of the flotilla of...
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FAO expects O&G to push higher demand for seabob in Guyana, the world’s largest producer

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Guyana is the world’s largest producer of Atlantic seabob, a commercially important shrimp that is caught from the Atlantic coast of the US all the way down to Brazil. With the emerging oil and gas industry in Guyana, the...
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Guyana President vows to break CARICOM trade barriers, says country now ‘negotiating from the front’

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Guyana’s President, Dr Irfaan Ali on Friday announced the formulation of a joint high-level team comprising government and private sector representatives to examine the existing barriers to trade which the country faces, particularly in the CARICOM region. The Head of...
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Guyana oil and gas potential ushering in new era of partnership, development

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The emergence and fast-paced development of Guyana’s promising oil and gas sector has had a positive impact on and been a catalyst for international partnerships between local and foreign businesses. These partnerships are resulting in employment and capacity building...
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Kumu’s new small-scale hydropower plant now operational

Guyana commissioned a new 1.5 megawatt (MW) hydropower station in the southeastern community of Kumu on Friday, part of...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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